WO2002075491A3 - Margin release system for an electronic-based market - Google Patents

Margin release system for an electronic-based market Download PDF

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Publication number
WO2002075491A3
WO2002075491A3 PCT/US2002/007777 US0207777W WO02075491A3 WO 2002075491 A3 WO2002075491 A3 WO 2002075491A3 US 0207777 W US0207777 W US 0207777W WO 02075491 A3 WO02075491 A3 WO 02075491A3
Authority
WO
WIPO (PCT)
Prior art keywords
market
electronic
subscriber
orders
server
Prior art date
Application number
PCT/US2002/007777
Other languages
French (fr)
Other versions
WO2002075491A2 (en
Inventor
Larry Scheinberg
David Scheinberg
Original Assignee
On Exchange Inc
Larry Scheinberg
David Scheinberg
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by On Exchange Inc, Larry Scheinberg, David Scheinberg filed Critical On Exchange Inc
Priority to EP02753629A priority Critical patent/EP1379993A2/en
Priority to AU2002306719A priority patent/AU2002306719A1/en
Publication of WO2002075491A2 publication Critical patent/WO2002075491A2/en
Publication of WO2002075491A3 publication Critical patent/WO2002075491A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A system (11) for an electronic-based market is disclosed. The system (11) operates with a model where a trader (16) is designated to enter orders for contracts on behalf of a subscriber (12). The model uses assets of the subscriber (12) that are placed into an account that is accessible by the electronic market to cover risks associated with trades initiated by the trader (16). The system (11) includes a plurality of client stations for entering orders into the electronic market by traders (16) and a server to receive the orders and match the orders in accordance with matching criteria. The server maintains for the subscriber (12) and the subscriber's associated traders (16) a trading account (18) that is accessible by the electronic market. The server also includes offsetting, clearing, default, and margin protocols functions to administer the market. The market uses species contracts that are derived from a contract genus. Also described is a margin release process triggered upon settlement.
PCT/US2002/007777 2001-03-15 2002-03-15 Margin release system for an electronic-based market WO2002075491A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
EP02753629A EP1379993A2 (en) 2001-03-15 2002-03-15 Margin release system for an electronic-based market
AU2002306719A AU2002306719A1 (en) 2001-03-15 2002-03-15 Margin release system for an electronic-based market

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US09/809,765 US20020178102A1 (en) 2001-03-15 2001-03-15 Margin release system for an electronic-based market
US09/809,765 2001-03-15

Publications (2)

Publication Number Publication Date
WO2002075491A2 WO2002075491A2 (en) 2002-09-26
WO2002075491A3 true WO2002075491A3 (en) 2002-12-19

Family

ID=25202165

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2002/007777 WO2002075491A2 (en) 2001-03-15 2002-03-15 Margin release system for an electronic-based market

Country Status (4)

Country Link
US (1) US20020178102A1 (en)
EP (1) EP1379993A2 (en)
AU (1) AU2002306719A1 (en)
WO (1) WO2002075491A2 (en)

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Also Published As

Publication number Publication date
AU2002306719A1 (en) 2002-10-03
WO2002075491A2 (en) 2002-09-26
US20020178102A1 (en) 2002-11-28
EP1379993A2 (en) 2004-01-14

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